Benchmark indices are trading volatile in today’s trade on the back of disappointing US retail sales data and uncertainties around the Brexit deal. The Sensex was trading at 38,669, up 71 points, while the Nifty50 slightly up by 7 points to trade at 11,471.
The Nifty Auto index was trading higher by 24 points at 7,698.20 levels.
Eicher Motors secured the top position on the index trading higher by 4%. The stock climbed after global brokerage UBS upgraded its rating to buy from sell and also raised target price to Rs23,000, citing likely volume growth in the second half of this financial year.
Shares of Motherson Sumi Systems gained 3% after a block deal. Around 10 lakh shares of the company changed hands in a block deal.
Other auto stocks including Ashok Leyland, M&M, MRF and Tata Motors are also trading higher in the range of 1-2%.
On the other hand, Exide, Ind, Amara Raja, Bosch, Bajaj Auto and Hero MotoCorp are trading in the negative territory.
Meanwhile, shares of Indiabulls Housing Finance, PNB Housing Finance, Apollo Micro Systems, Bhartiya International and Gujarat Fluorochemicals hit a 52-week low on the NSE.
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